Cullinan Associates Inc buys $11,427,058 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Cullinan Associates Inc scooped up 6,753 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 1, 2016. The investment management firm now holds a total of 143,556 shares of Lowe's Companies which is valued at $11,427,058.Lowe's Companies makes up approximately 0.93% of Cullinan Associates Inc’s portfolio.

Lowe's Companies opened for trading at $79.34 and hit $80.23 on the upside on Friday, eventually ending the session at $79.6, with a gain of 0.54% or 0.43 points. The heightened volatility saw the trading volume jump to 41,36,597 shares. Company has a market cap of $70,534 M.

On the company’s financial health, Lowe's Companies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $15234.00 million for the quarter, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on May 27, 2016, Lowe's Companies announced a cash dividend of $0.3500. The company’s management has announced Jul 18, 2016 as the ex-dividend date and fixed the record date on Jul 20, 2016. The payable date has been fixed on Aug 3, 2016.

Many Wall Street Analysts have commented on Lowe's Companies. Company shares were Reiterated by Morgan Stanley on Jun 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.Company shares were Reiterated by RBC Capital Mkts on May 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $86 .

Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.

Leave a Reply

Lowe's Companies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Lowe's Companies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.